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Second Mortgage and 401(k) Loan Sacramento CA

I have thought about taking out $50,000 out of my 401(k) to pay off my second mortgage. My thought behind this is that I will be paying myself the interest rather than the bank. I have calculated what the payment would be and can afford this. Why does this sound too good to be true? You may be able to get a better interest rate, but that's the only good thing about the idea, says the Debt Adviser.

Battiste Budget Management
(916) 739-1501
3112 O St
Sacramento, CA
 
Sacramento Back Tax Debt Relief
(916) 288-9550
801 I St
Sacramento, CA
 
Debt & Credit Solutions
(916) 437-0437
2519 Yorktown Ave
Sacramento, CA
 
JB Settlement Group LLC
(916) 482-4255
2673 Ball Way
Sacramento, CA
 
Credit Information Group Inc
(916) 928-1823
4800 Kokomo Dr Apt 314
Sacramento, CA
 
Get Great Credit LLC
(916) 503-3186
1215 K St Fl 17th
Sacramento, CA
 
JJJ Financial Services
(916) 485-8005
2623 La Mesa Way
Sacramento, CA
 
Consumer Credit Counseling
(916) 489-1995
4029 Marconi Ave Apt 91
Sacramento, CA
 
Debit Management Consultants
(916) 438-3300
9261 Folsom Blvd
Sacramento, CA
 
Debtors Anonymous
(916) 349-7093
4741 Madison Ave
Sacramento, CA